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Jan 1, 2013
01/13
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washington went over the fiscal cliff last night, triggering tax increases for virtually everybody. and despite some hopeful signs very early this morning, we are still in a free fall. it sure looked like a done deal. >> the yeahs are 89. the nays are 8. the bill as amended is passed. >> reporter: after 2:00 a.m. this morning, the senate approved a bill to prevent massive tax increases from going into affect today. the kind of overwhelming bipartisan vote almost never seen anymore. >> so, it took an imperfect solution to prevent our constituents from a very real financial pain. but in my view, it was worth the effort. >> reporter: finally, it seemed, washington was working. vice president joe biden and republican leader mitch mcconnell hashing out the deal late last night. >> really very good about how this vote is going to go. >> reporter: he had reason to smile last night, but today, that late night deal hit a wall of republican opposition in the house. hastily leaving a meeting of house republicans today, eric cantor, the second highest ranking republican in the house, announced
washington went over the fiscal cliff last night, triggering tax increases for virtually everybody. and despite some hopeful signs very early this morning, we are still in a free fall. it sure looked like a done deal. >> the yeahs are 89. the nays are 8. the bill as amended is passed. >> reporter: after 2:00 a.m. this morning, the senate approved a bill to prevent massive tax increases from going into affect today. the kind of overwhelming bipartisan vote almost never seen anymore....
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Dec 30, 2012
12/12
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WJLA
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cliff. it is congress's fault. congress created this fiscal cliff. no one else to impose this on them. it is a self-imposed problem. >> the problem is that the president has never ge to the nation and made a serus speech about debt. he ignored it the first two years. he appoints aommission that he studiously ignores for the nextt two years. that is why we are at the fiscal cliff now. he is not serious about that. none of his proposals the raise taxes on the ridge. it is 8 cents on the dollar. it is a trivial amount money, and he has never put any political capital in entitlemement reform. you talk aut it here or there. never invested in the capital in it. >> i think we have a difference of opinion here. >> if it is such a trivial amount, then why the squealing the yelli, the hurt feelings? all of these plutocrats, my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is with the president but if this ththing comes to a complete hal and falls,
cliff. it is congress's fault. congress created this fiscal cliff. no one else to impose this on them. it is a self-imposed problem. >> the problem is that the president has never ge to the nation and made a serus speech about debt. he ignored it the first two years. he appoints aommission that he studiously ignores for the nextt two years. that is why we are at the fiscal cliff now. he is not serious about that. none of his proposals the raise taxes on the ridge. it is 8 cents on the...
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Dec 30, 2012
12/12
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KRCB
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to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the natioand made a sio speech about debt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any difference of opinion? >> if it is such a trivial amount, the raising of taxes on the wealthy, then why the squealing, the yelling, the hurt feelings of all this plutocrats? my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is with the president, but if this thing comes to a complete halt and falls, then there would be political blame across the board, and it will undermi
to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the natioand made a sio speech about debt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in...
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Dec 26, 2012
12/12
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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Dec 30, 2012
12/12
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part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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Dec 28, 2012
12/12
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CSPAN
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cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go into politics, would you rejoice? >> i would be straightforward with them. when i decided i wanted to run for governor, somebody asked me if my skin was thick enough. i said, sure. i would encourage them to do it. there are bumps in the road and historical changes we have all seen and they will continue to happen. i predict longer-term there will be more independent-minded people who want to work together to get things accomplished. the bipartisan word will ultimately have more application. i was amused harry r
cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go...
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Dec 31, 2012
12/12
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i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will b
i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on...
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Dec 30, 2012
12/12
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part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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Jan 1, 2013
01/13
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WJLA
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we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe congress. >> one word -- >> you guessed it, nonare flattering. >> dysfunctional. >> stubborn. >> silly. >> watching the 112th congress bicker its way through negotiationings leaves people lime tom disappointed. >> i'm adisappointed. >> people like katherine apathetic. >> it seems like a cycle of nonsense. >> it has gotten worse. >> he's right. this congress will go down as the least productive on record. the bottom line is that members are not putting country first. >> now it is so bipartisan and they are used to beating the other guy. >> which brings us to the next congress and the next fight acoss cross the board spending cuts and the fiscal cliff negotiations delayed for two months. the idea that battle will be different than this one seems -- >> i would like it to. >> laughable. she makes a point that a lot of people make du
we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe congress. >> one word -- >> you guessed it, nonare flattering. >> dysfunctional. >> stubborn. >> silly. >> watching the 112th congress bicker its way through negotiationings leaves people lime tom...
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Dec 30, 2012
12/12
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. >>> the deadline to make a deal and avoid the fiscal cliff less than 48 hours away now. the senate and the house convening this afternoon for a rare sunday session with the hopes of reaching a vote possibly tonight. but can they really get a deal done? yesterday i spoke with sheila, the former chairman of the fdic and she's been through some tough negotiatiions before. this is what she had to say about the chances of a deal and what might be included. >> this should have been resolved long ago and i do think, actually, they are going to get a deal, but i think more along the lines down the road. at least at this point that we'll get meaningful deficit reduction, certainly not meaningful tax reform. i do think, though, perhaps a permanent extension of the lower tax rates for those making at least under $500,000. the payroll tax cut on the other hand will go away, i think, is highly unlikely and that is going to impact a lot of workers. i think they will make some decisions this weekend and a good chance that it will pass and become law. that is the good news. the bad news
. >>> the deadline to make a deal and avoid the fiscal cliff less than 48 hours away now. the senate and the house convening this afternoon for a rare sunday session with the hopes of reaching a vote possibly tonight. but can they really get a deal done? yesterday i spoke with sheila, the former chairman of the fdic and she's been through some tough negotiatiions before. this is what she had to say about the chances of a deal and what might be included. >> this should have been...
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Dec 27, 2012
12/12
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FBC
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the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their conscience
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next,...
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Dec 24, 2012
12/12
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MSNBCW
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cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the cultural dynamic, and it's the left blaming the right because of allowing guns to sort of be on the street and so have you this dynamic. ultimately the problem is how do we solve this problem, and i think the dynamic here is also we have to address a really serious problem. that is what do we do with people who are clearly mentally ill that we are aware of that are mentally ill, and you saw this happen with gabby giffords and in terms of columbine. obviously, this incident as well. virginia tech. what do you do when you recognize someone that's got a mental illness problem that could be a threat, and h
cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the...
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Dec 24, 2012
12/12
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WRC
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lawmakers are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead
lawmakers are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass...
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Dec 30, 2012
12/12
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KPIX
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>> with congress deadlocked over fiscal cliff negotiations, little else is getting done. one piece of legislation that awaits action is a new farm bill. if it's not passed, the price of milk, which is now $3.54 a gallon, could double. another bill languishing in congress is the emergency funding for states ravaged by superstorm sandy. the senate passed 60.4 billion in aid yesterday, but the house has yet to act. nine weeks after sandy hit, the need for help is immense. >> this is my house, this was my dream, you know, this was the american dream. >> reporter: when hurricanes or floods threaten pedro's house in the past, somehow it always survived. but as sandy belted sta ten island two months ago, correa knew right away this storm was different. >> i looked out the window and seen my car, it was moving. i said wow the win must be really ripping, and i looked closer and it was floating. >> reporter: he had already vaked his wife and two children. he and his brother were trying to save the house. sandy gave them no chance. >> out of the corner of my eye i see my neighbor's
>> with congress deadlocked over fiscal cliff negotiations, little else is getting done. one piece of legislation that awaits action is a new farm bill. if it's not passed, the price of milk, which is now $3.54 a gallon, could double. another bill languishing in congress is the emergency funding for states ravaged by superstorm sandy. the senate passed 60.4 billion in aid yesterday, but the house has yet to act. nine weeks after sandy hit, the need for help is immense. >> this is my...
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Dec 26, 2012
12/12
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MSNBCW
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cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new plan, if we do go over the clifr, would work out. so what would half if we go over the cliff? the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right
cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending...
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Jan 1, 2013
01/13
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CSPAN
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what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which the vice president not only roused the entire membership but also gave us a very thoughtful and detailed explanation of what has gone on and how it was that he and the president, working with democratic and republican leaders were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious and, quite honestly, so frank in explaining the as much as he could about what has transpired over the last several weeks. we are now waiting to hear from our republican colleagues whether or not they want to do what the senate did in a v
what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which...
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Dec 26, 2012
12/12
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CNNW
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if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, s
if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks...
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Jan 1, 2013
01/13
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MSNBCW
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will receive the blame if the united states goes over the fiscal cliff because they want this bill amended? >> i watch your network a lot and republicans get the blame if it's sunny outside. i'm not really worried about that. you know, people will make their own judgments. but the people that i represent and i come from a swing district says this is a problem. people should pay their fair share. but we've got to do something about spending. >> okay. that was ohio republican steven latourette speaking earlier today. first of all we heard from the senate floor, senate majority leader harry reid say he was talking about waiting games and tired staffers. he then adjourned the senate until tomorrow. again, the question out there is if the house does amend that bill they received today and send it back to the senate, will the senate take it up or not? we're also hearing this according to our political director chuck todd. he says from a house gop leadership aide right now what the speaker is doing in this gop conference is proposing a two-bill strategy. i'll read exactly what the note says here.
will receive the blame if the united states goes over the fiscal cliff because they want this bill amended? >> i watch your network a lot and republicans get the blame if it's sunny outside. i'm not really worried about that. you know, people will make their own judgments. but the people that i represent and i come from a swing district says this is a problem. people should pay their fair share. but we've got to do something about spending. >> okay. that was ohio republican steven...
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Dec 28, 2012
12/12
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CSPAN
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days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the republicans' line. what do you think? >> i don't care for what they are doing. my question to you, the fiscal cliff negotiations, i have not heard one person say anything about eliminating foreign aid to these countries to pay off or debt. that has to be trillions of dollars. >> adrian is on the line in iowa on the democrats line. go ahead. >> hello. i just want to say obama -- they should do what the obama says he is the president of the united states. obama should -- they should listen to obama and go ahead and do the fiscal cliff automatic. because if they pa
days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the...
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Dec 27, 2012
12/12
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CNBC
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any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa'
any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d....
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Dec 28, 2012
12/12
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CSPAN2
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cliff as he has done in persuading the american people that it's a good idea to tax the rich. senator corker has done some good work over the last several months in a variety of areas on the fiscal matters. but a proposal of his has subtracted my support in which he will subscribe today is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly a trillion dollars in exchange for the request for the president for a 1 trillion over increase in the debt limit. taking these provisions together over the next few weeks would provide certainty for the economy and would be the linchpin for the budget agreement that would get the economy going again. republicans have said and the two of us have said we are ready to do a whole variety of things to get a budget agreement, but we have to have someone address the medicare fiscal cliff for the seniors and soon thereafter young americans are going to be pushed over the cliff and they are going to look back at us and wonder why we didn't do anything. so i'm proud to join senator corker
cliff as he has done in persuading the american people that it's a good idea to tax the rich. senator corker has done some good work over the last several months in a variety of areas on the fiscal matters. but a proposal of his has subtracted my support in which he will subscribe today is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly a trillion dollars in exchange for the request for the president for a 1 trillion over increase...
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cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
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Dec 31, 2012
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that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half families. if the middle-class tax cuts are allowed to expire on january 1, a median-income connecticut family -- now, i know this -- the median in connecticut is higher than it is in most other states, but this number's true for any family making this amount of money, it makes an important point. a family of four earning $86,000 a year happens to be the immediatmedianfamily income in , but that family, which i think would be considered median just about everywhere, middle income just about everywhere, would see its federal income taxes rise by $2,200. that's a lot of money
that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half...
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Dec 24, 2012
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. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane.
. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady...
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Dec 29, 2012
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gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a it
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...
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we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the
we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host:...
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Dec 27, 2012
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cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we're not looking for any specifics related to whether it should be government spending cuts, tax increases, but one thing we are very mindful of is that some politicians have been -- >> we're going to go now to andrews air force base with air force one burning president obama back. he is in route to the white house today after celebrating christmas in hawaii with his family. he is returning early from his holiday to address to andrews air issues of the fiscal cliff. speaker boehner said that the senate must act first. senators are in session right now. there is the plane landing. this is live coverage on c-span. [captioning perfor
cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we're not looking for any specifics related to whether it should be government spending cuts, tax increases, but one thing we are...
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how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and want to say hi to family in new jersey my wife and daughter. happy holidays i'll be home, soon. >> hi. i want say happy holidays to my family and friends in california and hi to my husband, bill, my kids, i love you. i miss you. see you guys soon. >>> i get i'm supposed to be the one wishing you a prosperus new year. more important to me is that it's an enriching year for you. you hug your family closer keep your friends tighter enjoy special moments more. do you that and you have all of that, i guarantee you, it's going to be a priceless new year. make it special. happy new year. >> yeah. we will.
how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and...
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. >>> president obama heading back to washington to tackle the fiscal cliff today. he will get to d.c. just as the house and senate expected to reconvene tomorrow. not much time left for a notoriously slow-moving washington to get something done. brianna keilar following the drama from honolulu, hawaii. she's there with the president. what is the latest. >> president obama is officially cutting short his christmas vacation and heading back from hawaii. tonight, hawaiian time, early in the morning on the east coast and returning to the d.c. area on thursday. as the senate is set to reconvene and all eyes really are looking there to see what senate majority leader harry reid can cobble together in order to get republican support to avoid the fiscal cliff. he'll also have to put together something that will get republican support in the house. this is a last-ditch effort and will be obviously very difficult if it succeeds at all. at this point, the white house still wants that threshold for income tax rates to be at 250,000. it's unclear, exactly what the senate propos
. >>> president obama heading back to washington to tackle the fiscal cliff today. he will get to d.c. just as the house and senate expected to reconvene tomorrow. not much time left for a notoriously slow-moving washington to get something done. brianna keilar following the drama from honolulu, hawaii. she's there with the president. what is the latest. >> president obama is officially cutting short his christmas vacation and heading back from hawaii. tonight, hawaiian time,...
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to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended unemployment benefits for two million people about to be kicked off their benefits a week after christmas the president also wants to extend tax cuts for the middle class. you heard house speaker john boehner say the problem there that will raise tax rates for some. he thinks that will hurt the economy, although over the weekend in sort of a holiday message the speaker suggested maybe they can come together after the holiday. >> of course hope springs eternal and i know we have it in us to come together and do the right thing. we'll continue to wo
to avert this so-called fiscal cliff. ed, good to see you. merry christmas to you. >> reporter: merry christmas, kelly. economists have warned that this could lead to another recession if in fact these massive spending cuts and tax hikes kick in at the same time right at the beginning of the new year. what they're trying to do to avert that is scaled back plan that the president suggested late last week that would basically deal with some of the emergency pests of this. extended...
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>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the onl
>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no...
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the good news, you're not likely to feel any fall off of the cliff if they get something done in the first few days of 2013. >>> and for some, the biggest objection to the fiscal cliff is the cuts to project defense spending. they warned it's bad news for national security. peter deucey explains who mean affected. >> reporter: last friday when president obama rolled out his new plan for steering us away from the fiscal cliff, there was a word he did not say and that word was sequester. the sequester would automatically cut more than $100 billion from the budget next year, half from domestic programs and half from defense programs and now as the deadline draws close, experts are looking at the cuts from a national security standpoint and warning one final time about heir safety of the service members. >> and that is going to affect the operational force deployed in terms of its ability to maintain its equipment to quiet re-- get repair parts and that is around the world, not just in afghanistan being reduced and it would impact on the training of the force and the preparedness to cond
the good news, you're not likely to feel any fall off of the cliff if they get something done in the first few days of 2013. >>> and for some, the biggest objection to the fiscal cliff is the cuts to project defense spending. they warned it's bad news for national security. peter deucey explains who mean affected. >> reporter: last friday when president obama rolled out his new plan for steering us away from the fiscal cliff, there was a word he did not say and that word was...
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how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and want to say hi to family in new jersey my wife and daughter. happy holidays i'll be home, soon. >> hi. i want say happy holidays to my family and friends in california and hi to my husband, bill, my kids, i love you. i miss you. see you guys soon. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with
how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and...
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Dec 26, 2012
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they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences domestically and around the world. not the least of which will be the level -- fracturing of confidence in the united states of america. >> seismic and significant. very powerful words. how could this play out for americans if we don't have a deal? what will that feel like to them, howard? >> i think there will be tremendous personal pressure on people who are going to see thei
they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today...
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>> yes, well, can we concede on the air that this whole fiscal cliff business was overhyped, that we knew that the world was going to look basically the same today and tomorrow and the next day, even if it didn't get done, as it did yesterday, but -- >> but do you think -- >> the debt ceiling's a different -- >> do you think that people who thought there could be a grand bargain were kidding us or kidding themselves? >> i think that they were kidding themselves down the stretch that we had any hope of getting anything big because there wasn't talk about anything big. frankly, the debt ceiling's not going to be that either. i know that the republicans are basically now saying, okay, we've got to start the clock again. i'm waiting for that to be in the lower corner of the msnbc screen, the clock until the debt ceiling expires, because that's real. that's when the full faith and credit of the u.s. is at stake. remember, we had 18 debt ceiling increases under reagan. this is only new by virtue of the current republican house forcing this issue on the whole country and bringing us to the
>> yes, well, can we concede on the air that this whole fiscal cliff business was overhyped, that we knew that the world was going to look basically the same today and tomorrow and the next day, even if it didn't get done, as it did yesterday, but -- >> but do you think -- >> the debt ceiling's a different -- >> do you think that people who thought there could be a grand bargain were kidding us or kidding themselves? >> i think that they were kidding themselves...
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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Dec 24, 2012
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cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it appeared but that fell apart and talks fell apart. president obama said i will accept a smaller deal as long as it doesn't allow rates for those to go up for those making $250,000 or less. over the weekend you had a few senators, including senator joe lieberman saying they believe now more than ever we may be getting closer to actually going over the fiscal cliff. that is of course hanging over the heads of a lot of americans as they enter this holiday season and also looming over this vacation the presiden
cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it...
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s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday saying he would accept a deal as long as it does not allow taxes to go up on middle class americans, as long as it extends unemployment insurance and lays the groundwork for deficit reduction in the future. so there's sort of scaling back their expectations. house speaker boehner tried to get an alternative bill passed through the house last week. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, pr
s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday...
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today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yourself into a corner, we did this with the debt ceiling, we did this with the government shutdown, the way we do business now, we should get used to it, that's how things are done t is the 11th hour we need an 11th hour deal. 11th hour deals are never particularly good. everybody is going to give something up. i just hope they all prepare to give something up and get a deal. it is not going to be pretty. i will be here t
today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to...
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the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can be nasdaq ntsb down 1/2%. let's take a look at zynga. this is a name we follow and zynga has been crushed this year down 75% but the day getting a pop, there has been talk about real time gaming sites over in the united kingdom. so up 3.5% today for zynga. dennis: thank you. getting the blame for much of the downturn in the dow this morning, retail sales coming in at disappointing low levels. shibani: they're cutting prices in order to make up some of the lost shopping during the week and frankly during the year. adam shapiro joining us with more. a lot of times we see the high end and hold off during the holidays versus the low end. are there any winners this year? >> sax is offering 70% off on some items. there are e-mail coup
the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can be nasdaq ntsb down 1/2%. let's take a look at zynga. this is a name we follow and zynga has been crushed this year down 75% but the...